YACPA is legally recognized as a mandatory membership professional association for Certified Public Accountants (CPAs) under Audit and Review of Accounts Law No. 26 of 1999, with the authority to (i) participate in drafting resolutions related to the profession; (ii) ensure members’ compliance with ethical, accounting, and auditing standards and cooperating with MIT to support investigation & disciplinary (I&D) processes; (iii) organize and monitor professional education and training; (iv) deliver continuing professional development (CPD); (v) administer Certified Public Accountant (CPA) examinations; (vi) maintain the CPA registry; and (vii) operate the QA review system under the Ministry of Industry and Trade’s (MIT) supervision. YACPA’s membership comprises (i) accountants that are working in business, industry, and the public sector; (ii) auditors that hold audit licenses from the Ministry of Industry and Trade; and (iii) partners in audit firms. YACPA plans to include students in its membership base within the next one to three years as Associate-level members. In addition to being an Associate member of IFAC, YACPA is a member of the Arab Federation of Accountants and Auditors (AFAA), and the Gulf Cooperation Council Accounting and Auditing Organization (GCCAAO).